796 Hot Springs Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 3 bed, 4 bath
ACTIVE$8,995,000$4,196/sqft
Est. Value: $8,415,975
-6%
AboveEstimate
796 Hot Springs Road, SANTA BARBARA, CA 93108
3Beds
4Baths
4,196Sqft
44,431.199Lot
Price Vs. Estimate
The estimated value ($8,415,975.05) is $579,024.95 (6%) lower than the list price ($8,995,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 4196.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4196, other record living area = 4311.
Compared to the nearby listings
Price:$8.99M vs avg $6.00M (+$2,995,000)79%
Size:4,196 sqft vs avg 2,835 sqft68%
Price/sqft:$2.1K vs avg $1.4K82%
More Insights
Built in 1955 (71 years old).
Condition: Despite being built in 1955, the property has undergone extensive, high-quality renovations, as evidenced by the non-virtually enhanced images. The kitchen (Image 12) features modern, high-end stainless steel appliances, contemporary flat-panel white cabinetry, light granite countertops, and light wood flooring, all in excellent condition. The master bathroom (Image 19) is equally impressive with modern fixtures, a freestanding tub, a large glass shower enclosure, and sleek dark tile flooring. Other areas showcase modern light wood flooring, recessed lighting, and large contemporary windows. While the original build year is old, the visible interior components are clearly updated and well-maintained, aligning with a property extensively renovated within the last 5 to 15 years. The property is move-in ready with no immediate renovation required, though the listing description does suggest 'intentional cosmetic upgrades' for a specific 'Modern Farmhouse dream' aesthetic, which is shown in the 'Virtually Enhanced Photos' and should not be confused with the current condition.
Year Built
1955
Close
-
List price
$8.99M
Original List price
-
Price/Sqft
$2,144
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3531
Home ConditionGood
Features
Excellent View:
Spa
Patio
View-
About this home
Golden Quadrangle. Endless Possibilities. Celebrating the best of Montecito, this ocean & mountain view residence invites a lifestyle of nature, culture & community. Set on over a gated acre in prime Montecito, the location shares the privacy commanded by some of the most significant estates in town, yet defines the ease of life for which your friends are moving to Montecito: minutes to both Villages, schools, trails, and beaches. A distinctive, contemporary aesthetic and a single-level, ranch-style layout present a rare opportunity: embrace the home's existing modernism, or transform the residence into your custom Modern Farmhouse dream with intentional cosmetic upgrades. With a rare combination of views, privacy and an in-town location, 796 Hot Springs is poised for your next chapter.
D
Don Johnston
Listing Agent
Price History
Date
Event
Price
03/25/22
Sold
$11,000,000
08/05/10
Sold
$6,050,000
Condition Rating
Good
Despite being built in 1955, the property has undergone extensive, high-quality renovations, as evidenced by the non-virtually enhanced images. The kitchen (Image 12) features modern, high-end stainless steel appliances, contemporary flat-panel white cabinetry, light granite countertops, and light wood flooring, all in excellent condition. The master bathroom (Image 19) is equally impressive with modern fixtures, a freestanding tub, a large glass shower enclosure, and sleek dark tile flooring. Other areas showcase modern light wood flooring, recessed lighting, and large contemporary windows. While the original build year is old, the visible interior components are clearly updated and well-maintained, aligning with a property extensively renovated within the last 5 to 15 years. The property is move-in ready with no immediate renovation required, though the listing description does suggest 'intentional cosmetic upgrades' for a specific 'Modern Farmhouse dream' aesthetic, which is shown in the 'Virtually Enhanced Photos' and should not be confused with the current condition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 4196.
Premier Montecito Location: Situated in the highly coveted 'Golden Quadrangle' of Montecito, offering unparalleled access to villages, schools, trails, and beaches.
Exceptional Views: Boasts desirable ocean and mountain views, significantly enhancing the property's appeal and value.
Expansive & Private Lot: Set on over a gated acre, providing substantial privacy and space, characteristic of high-end Montecito estates.
Significant Renovation Potential: Offers 'endless possibilities' for transformation, allowing a buyer to customize it into a modern luxury dream home.
Desirable Single-Level Layout: Features a practical and sought-after single-level, ranch-style floor plan, appealing to a wide range of buyers.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4196, other record living area = 4311.
Dated Construction: Built in 1955, the property's age suggests potential for outdated systems and infrastructure that may require significant upgrades beyond cosmetic changes.
Requires Substantial Additional Investment: The description implies that significant capital will be needed post-purchase for 'intentional cosmetic upgrades' or a full transformation to meet modern luxury standards.
Recent Price Reduction: The current list price is notably lower than its last sale price in 2022, which may raise questions about previous valuation or market perception.